May 7, 2020: OmiseGo (OMG): Up 1.2%

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How Did OmiseGo’s Price Fare Yesterday?

OmiseGo’s current price, at the time of this writing, is $0.6917 USD, up by approximately 1.2% from the day prior. The up day for OmiseGo yesterday was a reversal from the day before it, which puts its price at 4.48% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for OmiseGo has increased 1 of the previous 5 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 1 of the previous 5 days.

In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.567688 and $0.756342 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

As for OmiseGo’s market cap, it is currently at about $97M US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. In terms of estimating the number of holders, over the past day the total number of wallets holding OmiseGo has gone NA by approximately NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at NA, with NA wallets making a transfer this past day and NA wallets having made a transfer in the past month.

How are the Strong Holders of OmiseGo Faring?

As for wealth distribution, the richest 1,000 wallets currently own 78.57% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12.1% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.05%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.21%.

Article by SixJupiter

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